Mold can develop extremely quickly given the right elements...moisture and food being the two most important...which an indoor poor is a perfect combination.

Most of my friends are educated and have professional jobs.When I invited my friends over to my first rental property, I don't think they were impressed because they have a image of a model home with a picture perfect yard.

Our concentrate is on Wholesaling, Probate, Mobile Homes, and in the near future...Multi-Family.If you are anywhere between Tampa and Venice, we'd love to set up a meeting to see how we can make bucket loads of money together.While we are new and would love any help you give, we promise you that your kindness will be returned in spades-our background plays perfectly into our new venture as Real Estate Investors!...

This is not only illegal, but as MikeOh points out, it will give the tenant power over you and you have just lost all control; however, you really don't want to loose this person, she is a perfect fit for your house.

I don't mean to be rehash what everyones' points were but only to support my observation in this excellant topic/thread, that there are many factors or variables that play in our selection of that perfect rental property and that using any hard and fast rule in the selection process might be best viewed by the new invetors, with a pound of salt!

I've since come across a California law, called the "Moore Marsden Law" which entails a perfect and fair way calculate ownership of property before and during marriage, and after divorce (should it happen).

And countering at full-price when you offer 25% of full-price is perfectly reasonable as well -- they want to see if you're serious about coming anywhere near full-price and that's their way of giving you a second chance as opposed to just rejecting your offer; again, something I'd do on one of my properties.

Another reason I like the privacy afforded by an LLC or Corporation (although it's far from perfect).With title held by my LLC, I can honestly state I am not the owner but merely manage the property for the company.

My portfolio consisting of mostly bonds has performed YTD better than the aggressive stock portfolio.Check out Modern Portfolio Theory its not perfect but I think its probably the best system one has of managing a general portfolio.To complement my MPT portfolio, I have a small retail trading account that I like to trade forex and futures and after months of frustration I have been repaid by my S&P shorts!

Perfect timing Rich.